Sounds like those "corporate VC-sounding but not really VC-operating accelerator" investment programs some larger corporates have. Their goal seems to be funding technology development aligned with their interests, few to no strings attached, with the potential for the occasional moonshot.
If successful, acquire before any competitors even fully understand the potential. Worst case they hire the top talent if the venture fails. See Shell GameChanger[0] for an example.
Sounds like those "corporate VC-sounding but not really VC-operating accelerator" investment programs some larger corporates have. Their goal seems to be funding technology development aligned with their interests, few to no strings attached, with the potential for the occasional moonshot.
If successful, acquire before any competitors even fully understand the potential. Worst case they hire the top talent if the venture fails. See Shell GameChanger[0] for an example.
[0] https://strategos.com/cases/shell-gamechanger/